Coles Group total group sales FY 2015-2024
The Coles Group recognized a total sales revenue of almost 43.6 billion Australian dollars during the 2024 financial year. This represented a slight increase from the 2023 financial year, in which revenue was measured at around 41.5 billion dollars. The company’s revenue has remained largely around this level since 2015.
The Coles Group: Key financials
The Coles Group is one of Australia’s largest and oldest supermarket chains and holds the second-largest share of the country’s grocery retail market. Its major market rival, the Woolworths Group, accounts for the largest share, at around 37 percent. Across the grocery retail giant's various operating segments, the Coles Group supermarkets segment generated the highest revenue in the 2023 financial year at approximately 36 billion Australian dollars. The company has enjoyed a consistently rising profit after tax since 2021, with profits exceeding one billion Australian dollars in 2023.
Australia’s supermarket industry
Australia’s supermarkets and grocery store retail industry has witnessed year-on-year growth since 2014, with over 139 billion Australian dollars generated by the industry in the 2023 financial year. Over 9.4 thousand supermarkets and grocery stores were in operation across Australia by the end of the 2023 financial year, with the largest number of stores located in New South Wales, Victoria, and Queensland.
